secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017853
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce Q1 revenue $71.8M (+9% YoY); enterprise ARR up 21%; guides FY rev $303-311M
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- GAAP net loss $22.1M ($0.30 EPS), vs. $37.0M ($0.51) a year ago; non-GAAP loss $4.9M ($0.07).
- Enterprise ARR $228.8M (+21% YoY); total ARR $316.7M (+13%). Enterprise accounts 5,828 (+9%).
- Q2 revenue guidance $72.1M-$74.1M; FY2023 revenue guidance $303M-$311M (9-11% growth).
- Adjusted EBITDA loss $5.5M vs. $11.6M prior year; cash $283.5M. Free cash flow ($21.9M).
- New partnerships: Amazon Buy with Prime, Microsoft Ads, WPP; B2B Edition update and BOPIS launched.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017023017853/0000950170-23-017853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017023017853/bigc-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017853

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer